Religare Global Asset Management (RGAM), a wholly owned subsidiary and multi-boutique asset management arm of the financial services firm Religare Enterprises Ltd, has appointed Alan Berkshire as President – North America.
Berkshire joins RGAM with more than 13 years of senior leadership experience in the asset management space. He was the founding partner of Estancia Capital Management, LLC and worked with Nuveen Investments Inc. for over 10 years where he headed the Institutional Services Group, Closed-end Fund/Structured Product Group and the General Counsel.
Berkshire also brings to RGAM his expertise in structuring and executing strategic business transactions and equity ownership arrangements – skills honed at Nuveen Investments and at the international law firm Kirkland & Ellis LLP, where he was a partner before joining Nuveen.
“Alan’s wide experience will be extremely valuable to RGAM as we refine and execute our strategic plan to acquire majority stakes in the highest quality asset management firms across product groups and to provide on-going assistance to those firms to help them grow their businesses,” said Paresh Thakker, head of RGAM.
RGAM has about $11.5 billion of assets under management. In 2010, it acquired majority equity interest in Northgate Capital, a private equity fund of funds with approximately $3 billion of AUM. Recently, RGAM has acquired majority equity interest in Landmark Partners, a private equity and real estate fund of funds focused on secondary transactions, with approximately $8.5 billion in committed capital.
